Zilliqa Logo

Zilliqa ZIL

Zilliqa header image

1. Summary

Ranks

Liquidity
Developer
Social
Momentum (beta)
Stack Rank™
Price
$0.04 +6.3%
Market Cap
$585.11M (#66)
Supply
14.51B / 21.00B
Price
52W High price $0.18
52W High date 2nd Apr 2022 (3 months ago)
All Time High (ATH) Date 6th May 2021 (1 year ago)
ATH Price $0.26
% From ATH -80.59%
All Time Low (ATL) Date 13th Mar 2020 (2 years ago)
ATL Price $0.002396160000
% From ATL 1968.92%
Supply & Trading Volume
Trading Volume (24h) $170.28M
Total Supply 21.00B
Circulating Supply 14.51B
Description

Zilliqa is this public as well as permissionless blockchain which was designed to offer a high throughput, which means that it can complete thousands of transactions per second. The main reason why it was developed is to solve the issue of blockchain scalability as well as speed it up by employing sharding as a second-layer scaling solution. The pl...

Zilliqa is this public as well as permissionless blockchain which was designed to offer a high throughput, which means that it can complete thousands of transactions per second. The main reason why it was developed is to solve the issue of blockchain scalability as well as speed it up by employing sharding as a second-layer scaling solution. The platform also has many decentralized applications and allows for staking as well as yield farming.

This means that it fundamentally changes how a blockchain can reach consensus, as the sharding solution scales with the size of the network. In theory, there isn’t even a limit to the number of transactions that Zilliqa could process per second, while in practice, this depends on the number of nodes on the network.

The ZIL Token Explained

The native utility token of the Zilliqa blockchain Is ZIL that is used to process transactions on the network and execute smart contracts.

Zilliqa users can stake their ZIL and earn profits as a result, due to the fact that the platform supports non-custodial staking that utilizes a proprietary system known as the Zillion portal.

The project held an Initial Coin Offering (ICO) in 2017 for their ZIL token that managed to raise over $22 million in ETH.

Features of Zilliqa

Zilliqa was built on a sharded architecture. Sharding is the process of dividing the mining network into smaller groups, each of which is referred to as a shard. Scilla is the smart contract scripting language that is built to be more secure than other languages. Zilliqa also has a number of dApps that are live on the network, and these run everything from exchange protocols to games.

Zilliqa only requires Proof-of-work (PoW) every 100 blocks. This is used to prevent Sybil attacks as well as generate new block identities and not reach consensus such as Bitcoin would. The network also utilizes an Elliptic Curve-based Schnorr Signature Algorithm (EC-Schnorr) sha3 has a function with the intention of improving the performance of these actions.

When it comes to its consensus, it relies on a Byzantine Fault Tolerance Protocol (PBFT) for consensus within each shard, and this strategy brings a lot of advantages with it, such as the fact that once a transaction gets processed by the network, it becomes final, and this approach removes the need to wait for a multitude of confirmation.

Founders of Zilliqa (ZIL)

Discussing the founders of Zilliqa, it was originally created by Prateek Saxena, which is an assistant professor at the National University of Singapore School of Computing. Saxena, alongside other students, published a paper in 2016 that actually outlined how a sharding blockchain could essentially improve network efficiency as well as speed.

Now, Saxena co-founded Anquan Capital with Max Kantelia, which is a finance and tech entrepreneur, alongside Juzar Motiwalla, which is the former president of the Singapore Computer Society. S

Zilliqa Research was incorporated to develop the Zilliqa network in 2017 and brought Dong Xinshu as the CEO, as well as Yaoqi Jia as the CTO alongside Amrit Kumar.

1.1 Insights

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2. Price

ZIL/USD

2.1. Market Performance

How does Zilliqa's (ZIL) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

2.2%

ZIL

-15.8%

Similar Market Cap

60 Day Return

-46.7%

ZIL

-61.0%

Similar Market Cap

1 Year Return

-30.5%

ZIL

-43.2%

Similar Market Cap

3. Developer Activity

We're monitoring 79 Zilliqa GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Zilliqa Repos)

Commits vs. The Market

  • Past 4 weeks: 112 commits vs. an average of 4
  • Past 12 weeks: 210 commits vs. an average of 21
  • Past year: 1,133 commits vs. an average of 403

Most Active Repos

Past week 0
Past 12 weeks 0
Past year 487
Past week 0
Past 12 weeks 0
Past year 370
Past week 0
Past 12 weeks 61
Past year 299
Past week 12
Past 12 weeks 17
Past year 283
Past week 2
Past 12 weeks 46
Past year 225
Past week 0
Past 12 weeks 39
Past year 216

Top Developers 2022

In total, 325 developers have contributed to Zilliqa over the past year. Who are the most active Zilliqa developers, by commits, over the past year?

Related Projects

Developers working on Zilliqa also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers 44,579
Active Reddit Users (past 24h) 162
Discord users
Active Discord Users
Telegram Users 24,900
Twitter followers 456,519
5. News
6. Investment

Funding Rounds

Zilliqa has raised $1.0M across 8 funding rounds, between August 2017 and January 2018.

Amount / Round Date Investors
- / ICO 4 years ago -
- / Seed 4 years ago 2
- / Seed 4 years ago 2
- / Seed 4 years ago 3
- / Seed 4 years ago 1
- / ICO 4 years ago -
- / Seed 4 years ago 2
- / Seed 4 years ago 2
- / Seed 4 years ago 3
- / Seed 4 years ago 1
- / Seed 4 years ago 3
$1.0M / ICO 4 years ago 3
- / Seed 4 years ago -
7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://www.zilliqa.com/
Explorer https://viewblock.io/zilliqa
Twitter @zilliqa
reddit /r/zilliqa
Whitepaper https://docs.zilliqa.com/whitepaper.pdf

Has Zilliqa been audited for security?

No security audits found for this project.

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